Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in China - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in China (FOB) - 2023
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in China (CIF) - 2022
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in China
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in China
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in China (FOB) - 2023
The average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $4,126 per ton in December 2023, stabilizing at the previous month. Over the period under review, the export price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 3.5% m-o-m. As a result, the export price reached the peak level of $5,244 per ton. From April 2023 to December 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was India ($4,686 per ton), while the average price for exports to Mexico ($2,823 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in China (CIF) - 2022
In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $7,957 per ton, growing by 9.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 41%. The import price peaked at $8,554 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($9,298 per ton), while the price for Bahrain ($3,694 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in China
After three years of growth, overseas shipments of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses decreased by -9.3% to 17K tons in 2022. The total export volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, the exports attained the peak of 19K tons, and then reduced in the following year.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses contracted slightly to $95M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year. As a result, the exports reached the peak of $99M, and then reduced modestly in the following year.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 6.6 | 10.3 | 15.4 | 13.0 | 25.4% |
| Turkey | 3.8 | 5.0 | 8.4 | 9.8 | 37.1% |
| Brazil | 3.6 | 7.1 | 10.8 | 8.6 | 33.7% |
| Indonesia | 3.3 | 4.0 | 7.0 | 6.7 | 26.6% |
| Mexico | 5.0 | 1.9 | 5.4 | 5.3 | 2.0% |
| South Korea | 3.1 | 4.6 | 5.3 | 4.9 | 16.5% |
| India | 1.8 | 2.8 | 3.5 | 4.2 | 32.6% |
| Pakistan | 1.7 | 1.9 | 3.9 | 3.3 | 24.7% |
| United States | 7.9 | 4.1 | 4.1 | 2.9 | -28.4% |
| Russia | 1.0 | 1.2 | 1.6 | 2.6 | 37.5% |
| Argentina | 0.8 | 1.1 | 1.8 | 2.3 | 42.2% |
| Malaysia | 1.5 | 1.8 | 1.7 | 2.2 | 13.6% |
| Algeria | 0.4 | 0.1 | 0.2 | 2.0 | 71.0% |
| Others | 17.7 | 21.5 | 29.6 | 27.3 | 15.5% |
| Total | 58.1 | 67.3 | 98.9 | 95.0 | 17.8% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from China in 2022:
- Vietnam (2.1K tons)
- Turkey (1.9K tons)
- Brazil (1.6K tons)
- Indonesia (1.3K tons)
- Mexico (0.9K tons)
- South Korea (0.9K tons)
- India (0.8K tons)
- Pakistan (0.7K tons)
- Russia (0.5K tons)
- United States (0.5K tons)
- Argentina (0.5K tons)
- Algeria (0.4K tons)
- Malaysia (0.4K tons)
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in China
In 2022, the amount of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses imported into China fell notably to 2.8K tons, dropping by -21.3% against the previous year's figure. Over the period under review, imports recorded a abrupt descent. The smallest decline of -5.8% was in 2021.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses shrank to $22M in 2022. Overall, imports saw a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by 1.9% against the previous year.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 13.5 | 13.3 | 10.1 | 9.3 | -11.7% |
| United States | 9.7 | 6.2 | 8.8 | 7.0 | -10.3% |
| Germany | 2.0 | 1.7 | 2.0 | 1.7 | -5.3% |
| Canada | 1.7 | 1.3 | 1.4 | 1.3 | -8.6% |
| Bahrain | 0.5 | 0.4 | 0.5 | 1.1 | 30.1% |
| Japan | 0.9 | 0.8 | 1.4 | 0.9 | 0.0% |
| Switzerland | 0.2 | 0.2 | 0.4 | 0.3 | 14.5% |
| Others | 1.0 | 1.4 | 1.4 | 0.7 | -11.2% |
| Total | 29.6 | 25.4 | 25.9 | 22.4 | -8.9% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to China in 2022:
- Italy (1196.1 tons)
- United States (748.1 tons)
- Bahrain (295.4 tons)
- Germany (190.4 tons)
- Canada (154.8 tons)
- Japan (104.4 tons)
- Switzerland (47.5 tons)
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